BK stock: buy or sell?

BK stock price: $46.37 -1.30% At close on September 20th, 2019

Updated on:
September 20th, 2019

4

Bank Of New York Mellon shares declined -1.30% to $46.37 today.

The Bank of New York Mellon Corporation provides financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally.

Should I buy BK stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Having a trading plan helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with Bank Of New York Mellon stock situation right now, therefore this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Bank Of New York Mellon stock a buy?

Banks and financial institutions publish stock ratings everyday. At Stocks2.com, we gathered 12 ratings published for BK stock in the last 30 days.

Is BK a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-17Morgan Stanleyn/aUnderweight
2019-8-21Deutsche Bankn/aHold
2019-7-9JPMorgan Chase & Co.n/aUnderweight
2019-7-8Morgan StanleyOverweightUnderweight
2019-7-18Keefe, Bruyette & WoodsUnderperformMarket Perform
2019-7-18Buckingham Researchn/aNeutral
2019-6-5Morgan Stanleyn/aOverweight
2019-6-26UBS Groupn/aNeutral
2019-6-18Deutsche BankBuyHold
2019-4-18Royal Bank of CanadaSector PerformPositive
2019-3-15Deutsche BankBuyBuy
2019-1-9CitigroupBuyNeutral

BK stock analysis

Daily outlook

Shares of Bank Of New York Mellon closed today at $46.37 and declined a rough -1.30%.

Shares of Bank Of New York Mellon declined a rough -1.30% and closed at $46.37. From a daily perspective, BK is in a short term uptrend after plotting its last bottom ($45.36, on Tuesday) higher than the previous bottom, and its last top ($47.45, yesterday) also over the previous top. Now trading in between its last bottom and last top BK might consolidate in a plain range, waiting to break out over $47.45 or down under $45.36. Since price and SMA100d lines crossed up on September/9, BK climbed $3.34 (7.76%).

BK stock chart (daily)

Weekly outlook

After boosting a dazzling 8.25% in a week last week, Bank Of New York Mellon closed this week at $46.37 and declined a disappointing -1.13%. By mid August BK collapsed a scary -8.22% in just one week.

BK stock chart (weekly)

BK stock price history

BK stock historical price chart

BK stock reached 52-week highs on March at $53.60, and all-time highs 2018-01-16 with a price of 56.82.

BK stock price target is $48.20

How much a stock will be priced tomorrow or next week is quite unpredictable However, many stock price predictions are published every day by banks, financial institutions and independent analysts. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last 30 days we found 10 price predictions for BK stock:
BK stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-17Morgan StanleyRaises Target$41.00$42.002.4%
2019-8-21Deutsche BankLowers Target$47.00$45.00-4.3%
2019-7-9JPMorgan Chase & Co.Lowers Target$50.00$49.00-2%
2019-7-18Keefe, Bruyette & WoodsUpgrades$46.00$47.002.2%
2019-7-18Buckingham ResearchLowers Target$53.00$50.00-5.7%
2019-6-5Morgan StanleyLowers Target$54.00$50.00-7.4%
2019-6-26UBS GroupLowers Target$49.00$45.00-8.2%
2019-6-18Deutsche BankDowngrades$50.00$44.00-12%
2019-4-18Royal Bank of CanadaLowers Targetn/a$52.00-
2019-3-15Deutsche BankRaises Target$57.00$58.001.8%
(in average)$49.70$48.20-3.0%
Moving in a range from $58.00 and $42.00, the price target for Bank Of New York Mellon stock is $48.20. In average, analysts' outlook on BK price forecast is negative, downsizing the target by a -3.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since April, when Bank Of New York Mellon presented its last earnings report, it . As soon as we get its actual EPS from the earnings report, we will update this review.
BK earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.89n/a
2017-Q32017-10-190.920.942.2%
2017-Q42018-01-180.910.910.0%
2018-Q12018-04-190.971.113.4%
2018-Q22018-07-191.031.030.0%
2018-Q32018-10-181.041.061.9%
2018-Q42019-01-160.920.997.6%
2019-Q12019-04-170.98n/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared to 2017, last anual turnover report draw a nice growth of 5.70% to $15,986.00 M dollars. In contrary, its income margin (compared to sales) stayed constant to 26.69%, that is $4,266.00 million.

Bank Of New York Mellon fiscal year ends in December, and to evaluate its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, Bank Of New York Mellon TTM sales up to March 2019 were $15,722.00 and income $4,041.00 million dollars. When comparing this TTM figures with the last reported annuality, we can esteem Bank Of New York Mellon business evolution since December 2018: Annual sales up to March, compared to lastest yearly report, declined a bad -1.65%. Slightly better, profit margin (net income/revenues) remained stable at 26.69%.

BK annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2014$15,264 M-$2,567 M16.8%-
2015$14,813 M-2.95%$3,158 M21.3%23.02%
2016$14,832 M0.13%$3,547 M23.9%12.32%
2017$15,124 M1.97%$4,090 M27.0%15.31%
2018$15,986 M5.70%$4,266 M26.7%4.30%
TTM $15,722 M-1.65%$4,041 M25.7%-5.27%

Quarterly financial results

Bank Of New York Mellon posted $3,808.00 M in sales for 2019-Q1, a -2.66% decline compared to previous quarter. Reported quarter earnings marked $946.00 M with a profit margin of 24.84%. Profit margin appreciated a 2.32% compared to previous quarter when profit margin was 22.52%. When comparing sales to same quarter last year, Bank Of New York Mellon sales marked a tragic slide and slipped a -6.48%. Looking back to recent quarterly results, Bank Of New York Mellon posted 4 positive quarters in a row.
BK quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q4$3,622 M-$1,175 M32.4%-
2018-Q1$4,072 M12.42%$1,171 M28.8%-0.34%
2018-Q2$4,032 M-0.98%$1,103 M27.4%-5.81%
2018-Q3$3,970 M-1.54%$1,111 M28.0%0.73%
2018-Q4$3,912 M-1.46%$881 M22.5%-20.70%
2019-Q1$3,808 M-2.66%$946 M24.8%7.38%

Bank Of New York Mellon ownership

When you are planning to invest in a company, it's worth to have a look its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Bank Of New York Mellon, 0.00% of all outstanding shares are owned by its staff.

In case of Bank Of New York Mellon stock, 0.00% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for BK stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Bank Of New York Mellon:

BKCCMJPMSTT
Market cap$43.7 B$157.5 B$37.3 B$382.0 B$22.8 B
Total shares942.7 M2,260.0 M445.4 M3,200.0 M372.6 M
Float shares859.3 M2,250.0 M445.3 M3,110.0 M351.9 M
  - Institutional holdings (%)0.0%80.0%54.1%75.3%89.9%
  - Insider holdings (%)0.0%0.2%0.1%0.8%0.3%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

BK summary

Friday, September 20th, 2019
Open$46.98
Close$46.37
Day range$46.23 - $47.17
Previous close$46.98
Session gain-1.30%
Average true range$1.09
50d mov avg$44.39
100d mov avg$44.58
200d mov avg$47.18
Daily patternlt06a
Weekly pattern lb06a

Bank Of New York Mellon performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We selected Citi, , J P Morgan Chase, State Street and Wells Fargo as the bechmarking frame for Bank Of New York Mellon stock.
Stock3m6m12m
BKBank Of New York ...7.51%-7.04%-11.07%
CCiti3.34%15.91%-3.34%
CM7.26%6.66%-6.83%
JPMJ P Morgan Chase9.86%21.43%4.35%
STTState Street10.99%-4.52%-29.18%
WFCWells Fargo5.48%3.38%-7.61%

Bank Of New York Mellon competitors

We chose a few stocks to conform a list of Bank Of New York Mellon competitors to review if you are interested in investing in BK:

Latest BK stock news